We agree.
But I wonder if you don't underestimate the extent of the financial expertise that Frank may have developed on his way to becoming a pizza mogul. He wouldn't be the first
"financial expert" to come up through the ranks, picking up bits and pieces of the following along the way:
Considerations. In defining the term "financial expert" for purposes of subsection (a), the Commission shall consider whether a person has, through education and experience as a public accountant or auditor or a principal financial officer, comptroller, or principal accounting officer of an issuer, or from a position involving the performance of similar functions--
1. an understanding of generally accepted accounting principles and financial statements;
2. experience in--
1. the preparation or auditing of financial statements of generally comparable issuers; and
2. the application of such principles in connection with the accounting for estimates, accruals, and reserves;
3. experience with internal accounting controls; and
4. an understanding of audit committee functions.
A one man conglomerate requires a level of business acumen that could at least have brushed up against all of that.
or heard of some of it.
